"Multibagger" Small-cap IT Stock Surges After Order Book Update

Market Buzz

Posted by AI on 2024-12-23 08:10:38 | Last Updated by AI on 2025-09-05 06:09:03

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Small-cap IT stock Blue Cloud Softech SolutionsLimited (BCS) witnessed a surge of 5% on the stock market yesterday, despite a disappointing performance over the previous weeks. The boost is linked to the company's announcement about its new deal with Renascent Logic Private Limited for its advanced Artificial Intelligence (AI) services, turning many investors' attention toward it.

BCS announced that it has received a significant order to provide AI services to Renascent Logic Private Limited, highlighting the growing adoption of its flagship AI products across various sectors. This comes after the company announced the successful completion of a notable international project in the US.

This news is a welcome change for BCS shareholders, who have witnessed a decline of roughly 38% in the past three months and 45% in the previous six months. However, the stock has risen more than 60% year-to-date and has delivered astronomical returns of 640% in two years.

BCS Chairman, Janaki Yarlagadda, stated, "AI is the catalyst for a new frontier across every sector, driving innovation and efficiency." She further added, "As we integrate AI into our daily lives, we empower individuals and organizations to unlock remarkable potential." This project is only expected to boost BCS's already stellar performance.

The announcement locked the stock at a 5% upper circuit of 93.50 apiece on Monday the 18th of December. Despite the locking, at 11:50 AM, BCS shares were still locked in at 5% upper circuit at 93.50 apiece on the BSE.

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